India, Cooperative Bank

India's central bank supersedes board of New India Co-operative Bank
India's central bank said on Friday it has taken control of the board of New India Co-operative Bank for 12 months, a day after its depositors were barred from withdrawing money from the lender. The action,
RBI supersedes New India Cooperative Bank board for 12 months
Reserve Bank of India superseded the Board of Directors of New India Cooperative Bank Ltd, Mumbai, for a period of 12 months, the central bank said in a statement on Friday, a day after it imposed several restrictions on the lender.
New India Cooperative Bank General Manager arrested for ‘misappropriation’ of ₹122 crore
Mumbai police investigate embezzlement of ₹122 crore from New India Cooperative Bank, leading to RBI restrictions and board supersession.
RBI restricts New India Co-operative Bank over Rs 122 crore fraud
RBI restricts New India Co-operative Bank amid allegations of a Rs 122 crore fraud scandal. Tom Hanks ‘storms out’ of SNL 50th anniversary concert after Jimmy Fallon ‘confusion’ Warren Buffett’s Berkshire Hathaway cuts stakes in BoA and Citi amid US debanking concerns Scholz says Germany will not support dictated peace agreement The IRS has announced 3 key changes to 401(k)s for 2025 — here's how to take advantage of them and grow your retirement riches Remains of 50,
Former New India Cooperative Bank GM arrested by EOW
Hitesh Mehta was on Saturday evening arrested by the Economic Offences Wing (EOW) of Mumbai Police, the officials said. Mehta was initially detained by the police following a raid at his residence in Dahisar area of Mumbai,
Spooked by RBI ban, New India Co-op Bank customers throng branches
All requests for withdrawal of funds were turned down, with banners at branch gates saying deposits would be paid back in around 90 days
RBI supersedes New India Cooperative Bank board, appoints administrator amid fund misuse allegations
The Reserve Bank of India (RBI) on Friday took control of the board of Mumbai-based New India Cooperative Bank for a year and appointed former SBI chief general manager Shreekant as the administrator to oversee its operations,
RBI restrictions on New India Co-op Bank: Angry customer asks questions
As the RBI`s restrictions on the New India Cooperative Bank entered its second day, angry customers gathered outside multiple bank branches in parts of Mumbai, grappling with uncertainty over their finances are trying to seek answers to their questions.
RBI supersedes New India Co-operative Bank board for 12 months after imposing restrictions over lending irregularities
A day after imposing several restrictions on city-based New India Co-operative Bank, the RBI on Friday superseded its board citing poor governance standards. A large number of bank's customers had gathered at its branches on Friday following RBI's restrictions,
State Bank of India sees sector's personal loan woes easing on tighter credit rules
State Bank of India (SBI) , the country's top lender by assets, expects the industry's concerns over retail borrowers ...
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Mumbai's EOW summons ex-bank general manager Hitesh Mehta over Rs 122 crore fraud
The Economic Offences Wing (EOW) has summoned Hitesh Pravinchand Mehta, the former General Manager of New India Co-operative ...
New India Cooperative Bank's Ex-GM arrested for 'misappropriation' of Rs 122 crore
MUMBAI: The Economic Offences Wing (EOW) of the Mumbai Police arrested Hitesh Praveenchand Mehta, a former General Manager ...
State Bank of India falls Friday, underperforms market
State Bank of India closed 20.84% below its 52-week high of 912.10 rupees, which the company achieved on June 3rd.
The State of Credit: Exploring opportunities, challenges, and the future of digital lending in India
Digital lending is reshaping credit access across India, with projected disbursements reaching ₹47.4 trillion by FY26. Mint’s ...
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Mcap of eight of top-10 valued firms tumbles Rs 2 lakh cr; Reliance biggest laggard
The combined market valuation of eight of the 10 most valued domestic firms eroded by Rs 2 lakh crore last week, with ...
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EOW Takes GM Hitesh Mehta Into Custody As Investigation Deepens Into New India Cooperative Bank
The EOW team took Mehta into custody and reached the EOW office. The arrest took place after the authorities investigated the ...
ED facilitates restitution of 31 cr properties to SBI in PMLA case
Hyderabad: The Enforcement Directorate (ED) facilitated the restitution of properties worth 30.7 crore to the State Bank of ...